The Company’s board of directors also approved the creation of an American Depositary Shares (“ADS”) program and is exploring a listing in the United States in connection with a potential SEC-registered secondary offering.
The new system aims to select companies, offer advantages and provide technical consultations.
Rooya’s offering comes in line with the schedule of the company’s investment plan to achieve the greatest outcome for the company’s contributors.
Saudi Arabia’s stock exchange (Tadawul) is ready from a regulatory and technical point of view to handle a listing of Saudi oil giant Aramco.
A wrap-up of the most prominent business news of the day.
Egypt selected 23 state companies for the first phase of the state IPO program, with total shares value of LE 80 billion.
Saudi Arabia is increasingly looking to just float oil giant Saudi Aramco locally as plans for (IPO) on an international exchange hang in the balance.
Ten petroleum and transport companies are planned to be offered for trade on the Egyptian Exchange (EGX) in the next three years.